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Title: Does Equity Research Induced Buying Have Investment Value? Evidence from an Emerging Market
Authors: Samie A Sayed, Barnali Chaklader
Issue/Year: Oct-2014
Section: Research
Abstract: This paper explores target price accuracy of equity research reports issued by brokers in India and analyses the contribution of equity research towards helping investors make profitable investment decisions in Indian equity markets. The analysis indicates that broker research for BUY ratings on Indian stocks has investment value when compared with global target price accuracy
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